US Home Purchase Applications Increase to Highest Since April
Homes near Mountain View, California.
Photographer: Sam Hall/BloombergThis article is for subscribers only.
Applications for home-purchase mortgages in the US rose to the highest level since April, signaling housing demand is picking up as borrowing costs hold below 7%.
The Mortgage Bankers Association’s index of mortgage applications to buy a home increased 7.5% to 174.3 in the week ended Jan. 19, according to data released Wednesday. The advance followed a 9.2% increase in the prior week that was the largest in a year.